ETFs and their uses in multi-manager funds

In a world in where new financial products come and go at the blink of an eye, exchange traded funds...

In a world in where new financial products come and go at the blink of an eye, exchange traded funds (ETFs) may well be considered the leading financial innovation of the last two decades. Since the launch of the first ETF in the US in 1993, ETFs have opened an array of investment opportunities. They have also changed how institutions and retail investors construct investment portfolios. ETFs are basically index funds that are traded on exchanges, just like stocks on a real-time basis. There is a wide range of ETFs available nowadays that will provide the investor with exposure to equitie...